There are over 70,000 pages of tax code; it’s impossible to be an expert on all of them. Our CPAs filing claims concentrate on these specific tax items. It’s like the difference between your family doctor and a neurologist. By concentrating on one program, we understand the intricacies and nuances involved in determining your eligibility and accurately calculating your refunds.
There are no up-front fees or obligations to receive your refund analysis. Once engaged to recover your refunds, our fee is 20-25%, with no hidden costs. You will never come out of pocket to pay our fee. We’re paid only as you receive your refund checks. Our fee includes the preparation of your claims by a professional CPA or tax attorney who is experienced in qualifying, substantiating, calculating, and claiming ERC refunds.
The IRS has caught up with a big portion of the backlog in claims recently. We're seeing ERC claims fulfilled in as little as 6 weeks and as high as 6 months for larger check amounts (typically above $1.4M) but an average with current IRS times is about 8-10 weeks.
No, right now we concentrate our business model on finding lost money through tax credits and other incentives. We do however have a book of CPAs and tax attorneys that we can refer you to for your required scenario.
No, we file a variety of additional incentives including energy-related incentives, QETC (emerging technology), employee-training incentives, foreign-derived Intangible deductions and more.
No. This is not a loan. It’s a refundable tax credit. When we file your ERC claim we request a refund check for you.
Yes. The Taxpayer Certainty and Disaster Tax Relief Act of 2020, enacted December 27, 2020, modified the ERC credit rules. One of the modifications included allowing a company to have a PPP loan and still take advantage of the ERC credit. However, you can’t use the same dollar-for-dollar funds. We take this into account when processing your ERC credit.
PPP was heavily marketed by the SBA, while ERC is claimed directly through the US Treasury. Along with our bank partners, it’s our mission to educate you and obtain for your business the payroll tax refund that it’s entitled to.
The IRS expects 70% - 80% of small and medium businesses to qualify but an estimated 50% have not claimed this credit. If your business experienced disruptions to commerce, travel, or group meetings due to a government order, you may qualify! This includes supply chain disruptions, price increases, staffing shortages, difficulty hiring, reduced hours, reduction in goods or services offered, were unable to travel, or attend conventions. Talk to one of our Refund Specialists to find out more.
Time is of the essence as the program has technically expired. The time to claim the refund is running out. Don’t delay!
Absolutely! Both essential and non-essential businesses alike can qualify, and a decline in revenue is not required. Many of our clients even had increases in sales, but still experienced disruptions or were negatively impacted.
With changes throughout the years to the qualification rules, more companies than ever before can now take advantage of th. Essentially, the credit is designed to be a driver of innovation and improvement of processes – so if the projects that your company is performing aren’t all exactly the same, then it’s extremely likely that your company would qualify for the R&D credit.
The intent of the credit is to encourage companies within the U.S. to keep technical talent within the country while simultaneously continuing to drive innovation. This keeps not only your company but the country competitive, both domestically and internationally.
Even though the credit has been around since 1981, it has gradually evolved over the years, with many companies not even able to take advantage of the incentive until the changes that were made in 2015. Due to its gradual evolution over the years, many CPAs may not be up-to-date on the most recent policies and regulations regarding the credit. We currently partner with thousands of CPA firms in the past and have been able to assist them in providing this service for their clients.
Not at all! Fortune 500 companies have been taking advantage of the credit for decades, and now with the recent changes, more small to medium-sized businesses than ever before are claiming the credit. But even with the increase in claims, only 5% of companies that qualify for the R&D Tax Credit are actively claiming it.
Nope! There are that qualify for the credit, as it is fact specific to your everyday activities and work projects.
Single-family homes, private family buildings with three or fewer stories, and manufactured properties do not qualify for the 179D tax deduction. Religious buildings and similar organizations’ buildings do not qualify because they are tax exempt.
A tax deduction can be taken for a project started in 2018. The deduction has been made permanent, so all current and future projects are eligible for the tax deduction.
No, this tax deduction is only applicable to building owners who pay taxes. The exception is for designers who work on government-owned buildings.
We use EnergyPlus software for modeling and calculating the incentive.
